Sugar prices fall, gold surge in Kabul markets
In Kabul this week, sugar prices dropped slightly, with a 49-kg bag of Indian sugar falling to 2,500 afs. Other food and fuel prices remained mostly stable. However, gold prices rose—Arabian gold reached 5,900 afs per gram, and Russian gold hit 4,800 afs. The afghani strengthened marginally against the US dollar, aided by central bank interventions.
KABUL (Pajhwok): The prices of sugar declined, but that of gold increased during the outgoing week in Kabul, market sources said on Saturday.
Food items
Zmarai Safi, head of the Food Traders’ Association, said the price of a 49-kilogram bag of Indian sugar fell from 2,550afs to 2,500afs.
The price of a 49-kilogram sack of Kazakh flour cost 1,350afs, a 24-kg bag of Pakistani rice stayed stable at 2,600afs, a 16-litre bottle of Malaysian cooking oil remained unchanged at 1,700afs, a kilogram of African black tea at 400afs and the same amount of Indonesian green tea at 350afs.
Hamid Sufizada, a retailer at Dahna-i-Bagh market, put the retail price of a 49-kg bag of Kazakh flour at 1,400afs, a 24-kg bag of Pakistani rice at 2,650afs and a 49-kg sack of Indian sugar at 2,550afs.
A 16-litre bottle of cooking oil accounted for 1,750afs, one kilogram of black tea for 400afs and the same quantity of green tea for 450afs, he added.
Fuel prices
A worker at the Ahmadyar pump station told Pajhwok the price of one litre of petrol stayed unchanged at 62afs and diesel at 57afs.
He also said one kilogram of liquefied gas was sold for 52afs, the same rate as last week’s.
Gold prices up
Mohammad Fawad, a jeweller in Timor Shahi area, said the price of one gram of Arabian gold went up from 5,650afs to 5,900afs and the same amount of the Russian variety surged from 4,600afs to 4800afs.
Haji Mohammad Hussain, owner of the Sadaqat Money Exchange Service, said the local currency strengthened during the week as one US dollar was traded at 73.30afs and 1,000 Pakistani rupees at 250afs.
During the previous week, one US dollar consumed 71.50afs and 1,000 Pakistani rupees 250afs. The spike in the afghani value is essentially linked to periodic dollar auctions by the central bank.
To Read more about Sugar Industry continue reading Agriinsite.com
Source : Pajhwok
